EnQuest bows out of Serica deal as market jitters hinder agreement on terms
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 02 2025
0mins
Source: Reuters
EnQuest and Serica Energy Deal: EnQuest will not pursue a takeover of Serica Energy due to failure to agree on terms amid market volatility, resulting in a decline in EnQuest's shares while Serica's shares saw a slight increase.
Impact of Trade Tensions: The broader economic uncertainty, driven by global tariffs and recession fears, is affecting the energy sector and delaying significant mergers and IPOs across various industries.
Analyst Views on BG
Wall Street analysts forecast BG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BG is 115.50 USD with a low forecast of 109.00 USD and a high forecast of 120.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 112.660
Low
109.00
Averages
115.50
High
120.00
Current: 112.660
Low
109.00
Averages
115.50
High
120.00
About BG
Bunge Global SA is an agribusiness solutions company. The Company is engaged in the processing of oil seeds and the production and supply of specialty vegetable oils and fats. Its segments include Soybean Processing and Refining, Softseed Processing and Refining, Other Oilseeds Processing and Refining, and Grain Merchandising and Milling. The Soybean Processing and Refining segment is a globally integrated business principally involved in the purchase, storage, transportation, processing, distribution, refining, marketing, and sale of soybean and soybean related products, as well as biodiesel and fertilizer production and distribution. The Softseed Processing and Refining segment is a globally integrated business principally involved in the purchase, storage, transportation, processing, refining, marketing, and sale of soft seeds (canola/rapeseed, sunflower seed, and safflower seed) and soft seed related products, as well as biodiesel production and distribution.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
